Risky Monday presents us with EUR/USD & EUR/JPY

Hey Traders,

It’s been over a year I dropped any analysis on a Monday, but I think it’s necessary today since Sunday was inactive.

Let’s hit the charts ladies and gents.

 

 

1. EUR/USD

The bears on the EUR/USD has been stopped by support level 1.21615

Price is presently gathering bullish momentum around resistance level 1.21855. A breakout means price will most likely visit 1.22048 as the next resistance level

 

 

2. EUR/JPY

For those traders who prefer a more long-term kinda trade, EUR/JPY is your best bet.

The ascending channel got broken last week, and what we can see now is a pull-back. However, later today or tomorrow may present selling opportunities, which may push price down to 132.108

 

What say you?

 

ATTENTION:

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